Airbus just inked its biggest airplane order ever

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Speaking at the Dubai Airshow Tuesday, the Chief Executive of Ethiopian Airlines, Tewolde Gebremariam, said the deal underlined the vitality of air traffic in North Africa. Indian low-priced airline IndiGo (which isn't connected to Indigo Partners) bought 250 Airbus jets in 2015. The agreement was announced this week at the Dubai Airshow.

The 225-aircraft deal, which was worth around $27 billion, was the biggest ever order from the Middle East for single-aisle passenger planes, the company said.

"The deal represents the largest-ever single-aisle jet order - by the number of airplanes and total value - from a Middle East carrier", Boeing said in a statement."When finalized, the purchase promises to sustain tens of thousands of direct and indirect jobs in Boeing's USA factories and network of suppliers".

The deal was struck with Phoenix-based Indigo Partners, a private equity firm that owns Denver-based Frontier Airlines and also backs Mexico's Volaris airline, Hungary's Wizz Air and Chile's JetSmart.

The surprise 430-aircraft order by Airbus comprises a commitment for 273 A320neos (new engine options) and 157 A321neos.

According to commentators, the deal marked a dramatic turnaround for Airbus, which had been lagging behind Boeing in the contest for orders so far this year and had a bad start to the 12 -16 November air show.

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Boeing 777 freighters have a list price of $325.7 million.

The Franke deal also marks a dramatic swan song for Airbus sales chief Leahy, who is due to retire in the coming months from a role he has held since 1994. "We look forward to the arrival of the new aircraft from 2019 in support of our future ambitions".

"For long, the strategy of the Emirates has been to make investments everywhere in the world, possessing the most efficient and advanced fleet of aircrafts, our orders today has gone to buttress just that fact".

If all the deals they each announced at the show are finalized before the end of the year, they will head into the last weeks of 2017 neck-and-neck in the race for the biggest annual order tally.

Airbus and Boeing have landed three mega-deals this week for a total of 695 planes worth $92 billion.

Boeing and AerCap, a Dublin-based aviation leasing company, also announced today that EgyptAir would lease six 787-9 Dreamliners.

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